Basic Energy Services Director Sells $180,000 in Stock (BAS)
Basic Energy Services (NYSE:BAS) Director Kenneth V. Huseman sold 10,000 shares of the stock on the open market in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $18.00, for a total value of $180,000.00. Following the sale, the director now directly owns 778,140 shares in the company, valued at approximately $14,006,520. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
BAS has been the subject of a number of recent research reports. Analysts at Imperial Capital initiated coverage on shares of Basic Energy Services in a research note on Tuesday, January 21st. They set an “outperform” rating and a $20.00 price target on the stock. Separately, analysts at Iberia Capital upgraded shares of Basic Energy Services from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. Finally, analysts at Goldman Sachs downgraded shares of Basic Energy Services from a “conviction-buy” rating to a “buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Basic Energy Services presently has a consensus rating of “Hold” and an average price target of $16.50.
Shares of Basic Energy Services (NYSE:BAS) traded up 5.93% on Tuesday, hitting $19.46. The stock had a trading volume of 2,052,669 shares. Basic Energy Services has a one year low of $11.06 and a one year high of $18.38. The stock’s 50-day moving average is $16.35 and its 200-day moving average is $14.18. The company’s market cap is $778.4 million.
Basic Energy Services, Inc provides a range of well site services to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling.
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